Dynamic Technology Lab Private Ltd Invests $1.19 Million in Veralto Corporation $VLTO

Key Points

• Dynamic Technology Lab Private Ltd acquired 12,196 shares of Veralto Corporation (NYSE:VLTO) for approximately $1.19 million, highlighting increased institutional interest in the company.
• CEO Jennifer Honeycutt sold 10,646 shares at an average price of $106.26, reducing her position by 9.11% while retaining over 106,000 shares valued at around $11 million.
• Veralto's recent earnings report showed a **6.4% revenue increase** year-over-year, with a net margin of 16.65%, and it has set an EPS guidance between **$3.720 and $3.800** for FY 2025.

Dynamic Technology Lab Private Ltd bought a new stake in Veralto Corporation (NYSE:VLTO - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,196 shares of the company's stock, valued at approximately $1,189,000.

Other large investors have also recently bought and sold shares of the company. Bernard Wealth Management Corp. bought a new stake in Veralto in the fourth quarter valued at approximately $30,000. Truvestments Capital LLC increased its stake in Veralto by 148.5% in the first quarter. Truvestments Capital LLC now owns 328 shares of the company's stock valued at $32,000 after purchasing an additional 196 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Veralto during the first quarter worth $45,000. Grove Bank & Trust increased its position in shares of Veralto by 198.2% during the first quarter. Grove Bank & Trust now owns 510 shares of the company's stock worth $50,000 after acquiring an additional 339 shares in the last quarter. Finally, Global Financial Private Client LLC increased its position in shares of Veralto by 95.1% during the first quarter. Global Financial Private Client LLC now owns 593 shares of the company's stock worth $58,000 after acquiring an additional 289 shares in the last quarter. Institutional investors own 91.28% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Raymond James Financial assumed coverage on shares of Veralto in a research report on Tuesday, August 26th. They set a "market perform" rating for the company. Wolfe Research raised shares of Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Robert W. Baird increased their price objective on shares of Veralto from $106.00 to $112.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada increased their price objective on shares of Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 30th. Finally, Stifel Nicolaus set a $120.00 target price on shares of Veralto and gave the company a "buy" rating in a research report on Wednesday, July 30th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Veralto has a consensus rating of "Moderate Buy" and an average price target of $113.43.

Veralto Stock Performance

VLTO stock traded down $0.09 during trading hours on Friday, reaching $109.02. The stock had a trading volume of 1,253,217 shares, compared to its average volume of 877,373. The stock has a market capitalization of $27.05 billion, a PE ratio of 30.45, a price-to-earnings-growth ratio of 3.62 and a beta of 0.91. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06. The stock has a 50-day simple moving average of $105.52 and a 200 day simple moving average of $99.94. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.04. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.34 billion. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 earnings per share. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Analysts predict that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Insider Buying and Selling

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $106.26, for a total value of $1,131,243.96. Following the completion of the sale, the chief executive officer owned 106,219 shares in the company, valued at $11,286,830.94. This trade represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.36% of the stock is currently owned by corporate insiders.

About Veralto

Veralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color services worldwide. It operates through two segments, Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment offers precision instrumentation and water treatment technologies to measure, analyze, and treat water in residential, commercial, municipal, industrial, research, and natural resource applications through the Hach, Trojan Technologies, and ChemTreat brands.